February 10, 2010
The latest Phoenix foreclosure report showed that the Phoenix real estate market seems to be rounding the corner in terms of the number of foreclosures, though I predict a new wave of foreclosures in higher-end markets, like for Scottsdale homes. But given that the number of Phoenix foreclosures is still relatively high, what does that portend for strategic defaults?
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February 9, 2010
Lenders foreclosed on 41,000 Phoenix homes in 2009, according to the latest ASU Realty Studies report. That’s a new record and accounts for 35% of existing home transactions in the Phoenix real estate market.
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